How can a Corcoran franchise agreement be terminated by mutual consent?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
16.2 Termination. This Agreement may be terminated only on the terms and conditions established in this Section.
16.2.1 Mutual Consent. By mutual consent of the parties;
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to the 2025 Corcoran Franchise Disclosure Document, a Corcoran franchise agreement can be terminated by mutual consent of both parties, the franchisor and the franchisee. This means that both Corcoran and the franchisee must agree to end the franchise relationship.
This type of termination provides a flexible option for both parties if circumstances change or if the relationship is no longer beneficial. It avoids potential legal disputes that could arise from terminations initiated by one party alone.
However, the FDD excerpt does not provide specific details on the process or requirements for achieving mutual consent. A prospective franchisee should seek clarification from Corcoran regarding the specific steps involved, any required documentation, and potential implications of such a termination.